Hedge fund veteran Duff hunting for takeovers

Reuters – Hedge fund industry veteran Philip Duff is setting his sights on acquiring an asset management firm at a time he says big corporations are ready to leave the management of their pension funds to someone else.

Duff made his name at legendary hedge fund Tiger Management, as a chief financial officer at Morgan Stanley and the co-founder of FrontPoint Partners, a $5.5 billion hedge fund manager that Duff sold to Morgan Stanley in 2006 as part of the bank’s alternative investments push.

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